Trust Asset Management Raised Buckeye Partners LP (BPL) Holding By $1.91 Million; Covington Capital Management Decreased Schwab Charles New (SCHW) Position By $423,163

February 19, 2018 - By Peter Erickson

Trust Asset Management Llc increased Buckeye Partners Lp (BPL) stake by 15.97% reported in 2017Q3 SEC filing. Trust Asset Management Llc acquired 33,442 shares as Buckeye Partners Lp (BPL)’s stock declined 5.01%. The Trust Asset Management Llc holds 242,822 shares with $13.84M value, up from 209,380 last quarter. Buckeye Partners Lp now has $7.10B valuation. The stock decreased 2.96% or $1.48 during the last trading session, reaching $48.39. About 1.17 million shares traded or 43.12% up from the average. Buckeye Partners, L.P. (NYSE:BPL) has declined 5.99% since February 19, 2017 and is downtrending. It has underperformed by 22.69% the S&P500.

Covington Capital Management decreased Schwab Charles Corp New (SCHW) stake by 2.49% reported in 2017Q3 SEC filing. Covington Capital Management sold 9,841 shares as Schwab Charles Corp New (SCHW)’s stock declined 7.92%. The Covington Capital Management holds 385,162 shares with $16.85M value, down from 395,003 last quarter. Schwab Charles Corp New now has $69.94B valuation. The stock decreased 0.31% or $0.16 during the last trading session, reaching $52.17. About 5.89M shares traded. The Charles Schwab Corporation (NYSE:SCHW) has risen 32.11% since February 19, 2017 and is uptrending. It has outperformed by 15.41% the S&P500.

Covington Capital Management increased Amazon Com Inc (NASDAQ:AMZN) stake by 863 shares to 17,234 valued at $16.57 million in 2017Q3. It also upped Vanguard Tax Managed Intl Fd (VEA) stake by 86,676 shares and now owns 484,862 shares. Ishares Tr (EFA) was raised too.

Since September 6, 2017, it had 0 insider purchases, and 21 insider sales for $95.01 million activity. SCHWAB CHARLES R sold $12.97M worth of The Charles Schwab Corporation (NYSE:SCHW) on Monday, January 29. On Wednesday, February 7 the insider Kallsen Terri R sold $105,236. Murtagh Nigel J had sold 8,000 shares worth $361,194 on Tuesday, October 31. Chandoha Marie A sold $265,179 worth of stock or 6,018 shares. On Wednesday, September 27 the insider Clark Bernard J. sold $3.31M. Shares for $1.01M were sold by MCLIN STEPHEN T.

Among 23 analysts covering Charles Schwab (NYSE:SCHW), 15 have Buy rating, 1 Sell and 7 Hold. Therefore 65% are positive. Charles Schwab had 91 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was downgraded by JMP Securities on Wednesday, January 3 to “Market Perform”. Suntrust Robinson maintained The Charles Schwab Corporation (NYSE:SCHW) rating on Wednesday, December 27. Suntrust Robinson has “Buy” rating and $63 target. The stock of The Charles Schwab Corporation (NYSE:SCHW) has “Neutral” rating given on Friday, October 16 by Compass Point. The stock of The Charles Schwab Corporation (NYSE:SCHW) earned “Buy” rating by Jefferies on Friday, September 15. The rating was maintained by Barclays Capital on Wednesday, August 26 with “Overweight”. The stock has “Hold” rating by Nomura on Thursday, January 18. The stock has “Overweight” rating by JP Morgan on Tuesday, September 8. The stock of The Charles Schwab Corporation (NYSE:SCHW) earned “Overweight” rating by Morgan Stanley on Monday, September 26. SunTrust maintained the stock with “Buy” rating in Thursday, December 14 report. The firm earned “Outperform” rating on Wednesday, February 7 by Credit Suisse.

Investors sentiment decreased to 1.03 in 2017 Q3. Its down 0.27, from 1.3 in 2017Q2. It turned negative, as 41 investors sold SCHW shares while 299 reduced holdings. 75 funds opened positions while 275 raised stakes. 1.04 billion shares or 0.62% less from 1.05 billion shares in 2017Q2 were reported. Oklahoma-based Gibraltar Management has invested 3.92% in The Charles Schwab Corporation (NYSE:SCHW). Retirement Of Alabama owns 578,213 shares. Inv Advsrs Llc has invested 0.03% in The Charles Schwab Corporation (NYSE:SCHW). San Francisco Sentry Investment Grp Inc (Ca) holds 11,379 shares. Manufacturers Life Insurance The reported 3.16M shares stake. Tarbox Family Office Inc reported 1,632 shares. Provise Group Inc has 0.08% invested in The Charles Schwab Corporation (NYSE:SCHW). Carnegie Cap Asset Mngmt Lc accumulated 239,732 shares. Great Lakes Advsr Ltd Liability Corp stated it has 4,729 shares or 0% of all its holdings. Seabridge Invest Advsrs Ltd Co, New Jersey-based fund reported 87,705 shares. Raymond James Tru Na invested 0.03% of its portfolio in The Charles Schwab Corporation (NYSE:SCHW). Ferguson Wellman Capital Mgmt Incorporated reported 4,920 shares. Royal Bank Of Canada holds 1.78 million shares or 0.04% of its portfolio. Point72 Asia (Hong Kong) Ltd holds 24 shares or 0% of its portfolio. Egerton (Uk) Llp holds 10.67 million shares or 4.17% of its portfolio.

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